Karachi: The Korangi Association of Trade and Industry (KATI) has endorsed the recent 2.5% reduction in interest rates by the State Bank, urging further cuts to stimulate economic growth and address capital shortages in the industrial sector. KATI Pre…
Karachi: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) is calling for crucial amendments to the Petroleum Act of 1934 to better align with contemporary industrial needs and practices. FPCCI President, Mr. Atif Ikram Sheikh, high…
Karachi: The President of the Karachi Chamber of Commerce and Industry (KCCI), Muhammad Jawed Bilwani, has voiced concerns over the State Bank of Pakistan’s recent decision to lower the interest rate by 2.5 percent to 15 percent, arguing that it does …
Karachi: The latest currency exchange rates issued by the Exchange Companies Association of Pakistan reveal modest fluctuations in major currencies over recent days, with the US dollar, Euro, and British pound showing slight increases in both buying a…
Karachi: Recent data released by JS Global shows a significant year-over-year decrease in Pakistan’s cotton arrivals during the first four months of FY25, alongside a substantial increase in oil marketing company (OMC) sales in October 2024. The contr…
Islamabad: Pakistan’s oil marketing companies (OMCs) experienced a significant increase in sales volumes in October 2024, marking the highest monthly figures in nearly two years. The rise was largely driven by increased demand in the agricultural sect…